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Focused investors/Third Avenue Management

Third Avenue Management

As of Q2 2026, Third Avenue Management reported 55 long-equity positions worth $625.34M in aggregate.

Copy-investor backtest

Latest quarter
+10.05%
1-year
+31.07%
3-year
+79.93%
5-year
+90.22%
3-year vs S&P 500
+7.54%
5-year vs S&P 500
+16.99%
5-year top 5
+140.52%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 58 of 151 rows. Rows without a quote are marked unavailable.

1BKBank of NY Mellon Corp.4.92%Reduce -6.8%8,920,851$250.23M$28.05No quote
2KEYKeycorp4.45%Reduce -3.3%20,496,750$226.28M$11.04No quote
3WYWeyerhaeuser Company4.37%Add +26.0%7,797,646$222.16M$28.49No quote
4DVNDevon Energy Corp.3.96%Reduce -0.2%3,883,863$201.5M$51.88No quote
5BAMBrookfield Asset Mgmt.3.96%Reduce -5.3%5,584,130$201.14M$36.02No quote
6FCEAForest City Enterprises Inc.3.70%Reduce -25.0%10,515,220$188.33MNo quoteNo quote
7PKXPosco3.46%Reduce -2.2%2,706,531$176.14MNo quoteNo quote
8CVACovanta Holding Corp.3.10%-7,884,928$157.86MNo quoteNo quote
9WTMWhite Mtns Insurance Gp3.02%Add +1.7%267,273$153.67M$574.94No quote
10LUKLeucadia National Corp.2.99%Reduce -1.9%5,800,507$152.09MNo quoteNo quote
11AMATApplied Materials, Inc.2.60%Reduce -12.5%8,858,678$132.08M$14.91No quote
12-Alleghany Corp.CUSIP 171751001.95%New258,504$99.09MNo quoteNo quote
13CMAComerica Inc.1.93%Reduce -3.3%2,469,056$98.34MNo quoteNo quote
14APAApache Corp1.80%Add +161.8%1,094,112$91.72M$83.83No quote
15INTCIntel Corporation1.65%Reduce -4.0%3,462,434$83.86M$24.22No quote
16LOWLowe's Companies Inc.1.49%Reduce -1.6%1,846,350$75.52M$40.90No quote
17TLABTellabs, Inc.1.42%Add +3.2%36,512,677$72.3MNo quoteNo quote
18TRCTejon Ranch Co.1.42%Reduce -2.3%2,525,750$71.96MNo quoteNo quote
19FRFirst Indus. Realty Trust, Inc.1.29%Reduce -0.8%4,334,466$65.75M$15.17No quote
20OSKOshkosh Corporation1.19%Add +6.1%1,596,217$60.61M$37.97No quote
21VNOVornado Realty Trust1.08%Reduce -0.3%660,419$54.72M$82.85No quote
22ECAEncana Corporation1.02%Reduce -4.5%3,072,726$52.05MNo quoteNo quote
23HCCHCC Insurance Holdings0.99%Reduce -5.8%1,168,126$50.36M$43.11No quote
24IMIngram Micro Inc.0.99%Reduce -16.7%2,649,320$50.31MNo quoteNo quote
25CKHSeacor Holdings Inc.0.96%Add +30.4%587,614$48.8MNo quoteNo quote
26SEMGSemGroup Corp.0.96%Reduce -10.2%901,971$48.58MNo quoteNo quote
27ENSEnerSys0.95%Add +4.3%981,376$48.13M$49.04No quote
28LMCADLiberty Media Corp.0.93%Reduce -8.6%373,544$47.35MNo quoteNo quote
29ICFIICF International, Inc.0.90%Reduce -10.5%1,457,899$45.94M$31.51No quote
30NVDANVIDIA Corp0.90%Reduce -1.4%3,265,316$45.81M$14.03No quote
31KMTKennametal Inc.0.86%Reduce -6.7%1,124,578$43.67M$38.83No quote
32EFIIElectronics for Imaging Inc.0.85%Reduce -24.6%1,527,150$43.2MNo quoteNo quote
33EMEEMCOR Group, Inc.0.84%Reduce -3.3%1,056,875$42.96M$40.65No quote
34SYMCSymantec Corp0.83%Reduce -2.8%1,872,330$42.07MNo quoteNo quote
35CMPCompass Minerals Int'l0.82%Reduce -24.6%494,000$41.76MNo quoteNo quote
36HARHarman Int'l Indus., Inc.0.81%Reduce -27.2%759,611$41.17MNo quoteNo quote
37TPGIThomas Prop. Gp. Inc.0.80%Reduce -0.2%7,635,079$40.47MNo quoteNo quote
38ACGLArch Capital Group Ltd.0.79%Reduce -4.4%777,715$39.98M$51.41No quote
39PRGSProgress Software Corp.0.78%Reduce -2.3%1,719,537$39.57MNo quoteNo quote
40UNFUniFirst Corporation0.77%Reduce -29.3%428,325$39.09M$91.25No quote
41TFXTelefex Inc.0.74%Reduce -36.7%486,168$37.67M$77.49No quote
42MANTMantech International Corp.0.74%Reduce -24.8%1,441,577$37.65MNo quoteNo quote
43RSTIRofin-Sinar Tech. Inc.0.70%Reduce -5.6%1,423,391$35.5MNo quoteNo quote
44CLDCloud Peak Energy Inc.0.70%Add +2.9%2,145,271$35.35MNo quoteNo quote
45SXTSensient Technologies Corp.0.68%Reduce -5.1%859,882$34.8MNo quoteNo quote
46LXULSB Industries Inc.0.67%Add +13.1%1,120,478$34.07M$30.41No quote
47MSGMadison Sq. Garden Inc.0.65%Reduce -33.2%560,733$33.22MNo quoteNo quote
48KGCKinross Gold Corp.0.62%Add +7.7%6,163,954$31.49M$5.11No quote
49CWHCommonWealth REIT0.62%Add +1.4%1,359,990$31.44M$23.12No quote
50AXLLAxiall Corporation0.57%New678,772$28.9MNo quoteNo quote
51NEMNewmont Mining Corp.0.55%Reduce -6.5%934,489$27.99M$29.95No quote
52SUPSuperior Industries Int'l, Inc.0.55%Reduce -9.1%1,613,154$27.76MNo quoteNo quote
53MTXMinerals Technologies Inc.0.55%Reduce -2.2%670,673$27.73MNo quoteNo quote
54KALUKaiser Aluminum Corp.0.53%Reduce -2.3%434,302$26.9M$61.94No quote
55SCLStepan Company0.52%Add +3.0%471,767$26.24MNo quoteNo quote
56CALMCal Maine Foods, Inc.0.50%Reduce -0.0%549,729$25.57M$46.51No quote
57WIREEncore Wire Corp.0.50%Reduce -3.9%746,563$25.46MNo quoteNo quote
58ABMABM Industries Inc0.49%Add +8.4%1,026,623$25.16M$24.51No quote
59GLTGlatfelter P. H. Co.0.49%Reduce -4.8%996,495$25.01MNo quoteNo quote
60AVXAVX Corporation0.48%Reduce -49.5%2,070,892$24.33MNo quoteNo quote
61PDSPrecision Drilling Corp,0.47%Reduce -14.8%2,827,428$23.99M$8.48No quote
62MTNVail Resorts Inc.0.46%Reduce -15.8%379,074$23.32M$61.52No quote
63CYNCity National Corp.0.45%Add +23.9%363,897$23.06MNo quoteNo quote
64CBSHCommerce Bancshares, Inc0.45%Add +64.8%525,491$22.89MNo quoteNo quote
65BRBroadridge Fin'l Sol. Inc.0.43%Reduce -53.9%822,683$21.87M$26.58No quote
66TTEKTetra Tech, Inc.0.43%New927,198$21.8M$23.51No quote
67ALGAlamo Group, Inc.0.42%Reduce -6.7%525,789$21.46M$40.82No quote
68BRSBristow Group Inc.0.42%Reduce -13.1%326,121$21.3MNo quoteNo quote
69ASNAAscena Retail Group, Inc.0.42%Add +2.1%1,211,739$21.15MNo quoteNo quote
70PPSPost Properties Inc.0.41%New422,734$20.92MNo quoteNo quote
71CTOConsolidated Tomoka Ld Co.0.41%Reduce -1.0%543,230$20.73M$38.16No quote
72JJSFJ&J Snack Foods Corp.0.41%Reduce -23.4%264,710$20.59M$77.80No quote
73HHyatt Hotels Corp.0.39%Add +39.1%491,399$19.83M$40.36No quote
74SYNTSyntel, Inc.0.39%New311,690$19.6MNo quoteNo quote
75CFRCullen Frost Bankers, Inc.0.38%New292,727$19.55M$66.77No quote
76PNCWSPNC Financial Serv. Gp0.38%Reduce -0.3%1,289,241$19.47MNo quoteNo quote
77WHGWestwood Holdings Gp Inc.0.35%Reduce -16.1%414,877$17.81MNo quoteNo quote
78BKDBrookdale Senior Living Inc.0.34%New658,866$17.42M$26.44No quote
79ESIOElectro Scientific Ind., Inc.0.34%Reduce -24.6%1,604,722$17.27MNo quoteNo quote
80WTWWeight Watchers Int'l0.33%Reduce -28.1%360,000$16.56M$46.00No quote
81CUBCubic, Corp.0.32%New342,405$16.47MNo quoteNo quote
82MDRXAllscripts Healthcare Sol., Inc.0.29%Reduce -3.4%1,131,137$14.64MNo quoteNo quote
83PKEPark Electrochemical Corp.0.28%Reduce -0.1%599,354$14.39MNo quoteNo quote
84VLYValley National Bancorp0.27%New1,462,501$13.85M$9.47No quote
85JAKKJakks Pacific, Inc.0.27%Reduce -15.9%1,223,043$13.76MNo quoteNo quote
86ORBOrbital Sciences Corp.0.27%Add +1.3%780,935$13.57MNo quoteNo quote
87AVTABlucora, Inc.0.26%New706,170$13.09MNo quoteNo quote
88ALCOAlico, Inc.0.26%Add +12.0%323,566$12.98MNo quoteNo quote
89WFCWSWells Fargo & Co.0.25%Reduce -0.3%941,975$12.88MNo quoteNo quote
90CSTCST Brands, Inc0.25%New417,915$12.88MNo quoteNo quote
91EXLExcel Trust, Inc.0.24%Reduce -7.4%942,491$12.07MNo quoteNo quote
92IIINInsteel Industries Inc.0.23%-674,222$11.81M$17.52No quote
93HYHyster-Yale Mat. Hand., Inc.0.23%Reduce -20.5%186,123$11.69MNo quoteNo quote
94ITGInvestment Tech. Group0.23%Reduce -18.5%827,272$11.57MNo quoteNo quote
95CASSCass Information Sys., Inc.0.23%Add +60.4%248,574$11.46MNo quoteNo quote
96BELFBBel Fuse Inc.0.22%Reduce -10.5%839,770$11.3M$13.45No quote
97JOSBJos A Bank Clothiers Inc.0.21%Reduce -55.9%256,062$10.58MNo quoteNo quote
98DARDarling International Inc.0.21%Reduce -23.5%562,366$10.49M$18.66No quote
99ERAERA Group Inc.0.20%Reduce -0.1%392,393$10.26MNo quoteNo quote
100BIGBig Lots, Inc.0.20%New321,143$10.13MNo quoteNo quote
101AEOAmerican Eagle Outfitters0.20%Add +34.4%551,302$10.07M$18.26No quote
102PESPioneer Energy Serv. Corp0.20%Reduce -10.2%1,520,195$10.06MNo quoteNo quote
103STRZAStarz- Liberty Capital0.19%Reduce -29.1%436,434$9.65MNo quoteNo quote
104CSWCCapital Southwest0.15%Reduce -10.8%56,843$7.84MNo quoteNo quote
105CCRNCross Ctry. Healthcare Inc.0.15%Reduce -26.2%1,496,411$7.72M$5.16No quote
106XECCimarex Energy Co.0.15%Reduce -18.5%113,665$7.39MNo quoteNo quote
107CVCOCavco Industries, Inc.0.14%Reduce -11.5%145,650$7.35M$50.45No quote
108UMBFUMB Financial Corp.0.14%New130,386$7.26M$55.67No quote
109STLYStanley Furniture Co., Inc.0.13%Reduce -25.9%1,641,716$6.57MNo quoteNo quote
110SUSSSusser Holdings Corp.0.12%New123,475$5.91MNo quoteNo quote
111FPOFirst Potomac Realty Trust0.10%-392,365$5.12MNo quoteNo quote
112KELYAKelly Services Inc.0.10%Add +0.2%284,300$4.97MNo quoteNo quote
113KRNYKearny Financial Corp.0.09%Reduce -14.6%457,278$4.8MNo quoteNo quote
114COWNCowen group Inc.0.09%-1,571,140$4.56MNo quoteNo quote
115RFPResolute Forest Prod., Inc.0.08%-315,495$4.16MNo quoteNo quote
116GMGeneral Motors Co.0.08%Reduce -29.2%121,467$4.05M$33.31No quote
117CQBChiquita Brands Int'l Inc.0.05%-244,155$2.67MNo quoteNo quote
118VTGDFVantage Drilling Co.0.05%Reduce -5.3%1,250,000$2.55MNo quoteNo quote
119TRNOTerreno Realty Corp.0.04%Reduce -32.7%121,290$2.25M$18.53No quote
120AKSAK Steel Corporation0.04%Add +44.3%711,375$2.16MNo quoteNo quote
121CHKChesapeake Energy0.04%New100,000$2.04MNo quoteNo quote
122CMAWSComerica Inc.0.04%Add +462.8%130,000$1.78MNo quoteNo quote
123HAEHaemonetics Corp.0.03%Reduce -27.6%42,000$1.74M$41.36No quote
124ALXAlexander's, Inc.0.03%New5,000$1.47M$293.80No quote
125IAGIAMGOLD Corporation0.03%Add +28.7%325,570$1.41M$4.33No quote
126AUYYamana Gold Inc0.03%Add +33.4%145,100$1.38MNo quoteNo quote
127SBSAASpanish Broadcasting Sys., Inc0.03%Add +29.9%382,686$1.3MNo quoteNo quote
128TDWTidewater Inc.0.02%-14,000$798K$57.00No quote
129EGOEldorado Gold Corp.0.02%Add +71.0%125,700$776K$6.17No quote
130CDRCedar Shopping Centers0.01%-133,000$689KNo quoteNo quote
131SNYSanofi-Aventis0.01%Add +5.7%13,190$679K$51.48No quote
132BPOBrookfield Properties0.01%New37,550$626KNo quoteNo quote
133SIRSelect Income REIT0.01%New20,000$561KNo quoteNo quote
134KIMKimco Realty Corp0.01%-26,045$558KNo quoteNo quote
135CVECenovus Energy Inc.0.01%-19,200$548K$28.54No quote
136AKRAcadia Realty Trust0.01%-19,999$494KNo quoteNo quote
137PSBPS Business Parks, Inc.0.01%-6,100$440KNo quoteNo quote
138HXMDesarrolladora Homex0.01%New100,000$373KNo quoteNo quote
139COFWSCapital One Financial0.01%-15,000$363KNo quoteNo quote
140PLDPrologis Inc.0.01%-8,880$335K$37.73No quote
141CFFNCapitol Federal Fin'l, Inc.0.01%-22,615$275KNo quoteNo quote
142NLYAnnaly Capital Mgmt, Inc.0.00%Add +9.2%13,215$166KNo quoteNo quote
143CMOCapstead Mortgage Corp.0.00%-12,500$151KNo quoteNo quote
144FNFGFirst Niagara Fin'l Gp, Inc.0.00%Reduce -97.8%10,275$103KNo quoteNo quote
150-USEC Inc. NOTE 3% 10/01/14CUSIP 90333EAC2-Sold0$0No quoteNo quote
149MRHMontpelier Re Holdings Ltd. SHS-Sold0$0No quoteNo quote
148LXKLexmark International Inc. CL A-Sold0$0No quoteNo quote
147CZRCaesars Enter. Corp. COM-Sold0$0No quoteNo quote
146ALCAssisted Living Concepts Inc CL A-Sold0$0No quoteNo quote
145YAlleghany Corp. COM-Sold0$0No quoteNo quote

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

1-Chiquita Brands Intl. Inc.NOTE 4.25% 8/15/16OTHER10,300,000$9.84M